Why Did Boxlight Corp. (BOXL) Shares Surge Nearly 24% After Hours?

Boxlight Corp. (NASDAQ:BOXL) rose 23.85% in after-hours trading on Wednesday to $1.61, after a Securities and Exchange Commission filing disclosed that MD Ehsan Khan had acquired a 24.3% stake in the company's Class A common stock.

Single Investor Deploys $600K in Personal Savings

According to the SEC filing, Khan, a business technology consultant at Illinois-based ZS Associates Inc., purchased 231,000 shares on Jan. 21 via the Robinhood (NASDAQ:HOOD) brokerage app, funded entirely by personal savings totaling $600,600.

He holds sole voting and dispositive power over all 231,000 shares.

The filing, signed on Wednesday, identifies Khan as a citizen of Nepal.

Hedge Fund Reports Zero Holdings

In a separate filing on Tuesday, Anson Funds Management LP, a Texas-based investment adviser, reported zero shares beneficially owned and 0% of the class in BOXL’s Class A common stock as of Dec. 31, 2025.

Anson Funds, led by Moez Kassam, is an alternative asset management firm operating as a hedge fund.

Trading Metrics, Technical Analysis

Boxlight has a Relative Strength Index (RSI) of 39.14.

The market capitalization of the company stands at $1.24 million, with its shares reaching a 52-week high of $60.90 and a low of $1.19.

BOXL has fallen 89.17% over the past 12 months.

Currently, the stock is positioned extremely close to its annual low.

BOXL's long-term downtrend and weak positioning indicate that any potential recovery would require clear confirmation before investors consider taking significant action.

Price Action: On Wednesday, Boxl closed at $1.30, up 3.17%, according to Benzinga Pro data.

Benzinga's Edge Stock Rankings indicate that BOXL has a negative price trend across all time frames.

Photo Courtesy: m.mphoto on Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.